Black Mountain Capital announced the following recent transactions:
• The refinance of $13 million loan on a 10,000 square foot luxury townhouse in Greenwich Village in Manhattan. Alex Elezaj negotiated the transaction.
• The $12 million loan for the purchase of a condo package at the Hudson Yards project. The purchase closed in two weeks and provided the sponsor 90% financing. Alex Elezaj negotiated the transaction.
• The $5 million construction loan of seven, two family townhome projects in Yonkers. Alex Elezaj negotiated the transaction.
• The $2.5 million single family construction loan in New Rochelle. The 9,000 s/f luxury home was done for a local builder/developer. Alex Elezaj negotiated the transaction.
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Community Preservation Corporation (CPC) announced the following transactions:
• A $5,645,000 refinance of an 18-unit property with ground floor retail units in East Harlem. The loan included a 5 year fixed term with 30-year amortization and was arranged by Steven Getz.
• A $12,500,000 loan for the construction of a 73-unit garden style apartment complex in Liberty, NY. This loan was arranged by Doug Olcott.
• A construction loan of $1,180,000 and is administering a subordinate loan of $9,873,401 funded by Enterprise Community Partners for the gut rehabilitation of 63 residential units in Rochester, NY. The loan was arranged by Miriam Zinter.
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CPC Mortgage Company LLC, a subsidiary of the Community Preservation Corporation, announced the following transactions:
• A $6,193,000 refinance of an Upper West Side building containing 113 units. This 10-year fixed term loan was funded through the Fannie Mae Multifamily Affordable Housing (MAH) program and was arranged by Brandie Moreno.
• A $2,675,000 Freddie Mac Small Balance Loan (SBL) refinance of a 7-unit property in Brooklyn, NY. The loan included a 5/15 Hybrid ARM term and was arranged by Alexander Hajek.
• A $425,000 Fannie Mae Small Loan for the acquisition of an 8-unit property in Wappinger Falls, NY. The loan included a 15-year fixed term and was arranged by Doug Olcott.
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Eastern Union Funding announced the following transactions:
• A $5,090,000 first lien mortgage for the acquisition of a 8-unit mixed-use property in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
• A $5,000,000 first lien mortgage for the refinance of a hotel in Venice, FL. This transaction was arranged by Nachum Soroka and Jacob Schonland.
• A $3,500,000 first lien mortgage for the refinance of a 14-unit mixed-use property in New York, NY. This transaction was arranged by Alex Freund.
• A $3,380,000 first lien mortgage for the acquisition of a 21-unit mixed-use property in Allentown, PA. This transaction was arranged by Jeffrey Seidenfeld.
• A $3,014,000 first lien mortgage for the acquisition of a 25-unit multifamily property in Bronx, NY. This transaction was arranged by Judah Aderet.
• A $2,690,000 first lien mortgage for the refinance of a multifamily property in Ridgewood, NY. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $2,055,000 first lien mortgage for the acquisition of a 23-unit mixed-use property in Plainfield, NJ. This transaction was arranged by Jeffrey Seidenfeld.
• A $1,700,000 first lien mortgage for the acquisition of a 18-unit multifamily property in Bayonne, NJ. This transaction was arranged by Meir Kessner and David Eisen.
• A $1,656,000 first lien mortgage for the acquisition of a mixed-use property in Chicago, IL. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $1,522,000 first lien mortgage for the acquisition of a multifamily property in Chicago, IL. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $1,325,000 first lien mortgage for the refinance of a 13-unit multifamily property in Brooklyn, NY. This transaction was arranged by Michael Muller and Nikki Levitin.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $70,250,000 for the following properties:
• $31,000,000 for a 79,000 s/f retail shopping center, located on Bruckner Boulevard in the Bronx, New York. David Sessa arranged the financing.
• $25,000,000 for a five-story residential/commercial building that will be gut renovated and converted to a first class office/retail property, located in the Williamsburgh neighborhood of Brooklyn. Matthew Classi arranged the financing.
• $7,250,000 for two contiguous five-story multifamily apartment buildings containing a total of 61 apartments and 1 commercial office, located on Cabrini Boulevard in Manhattan. Paul Greenbaum arranged the financing.
• $7,000,000 for a two-story garage condominium comprised of approximately 19,850 s/f, located in the Hell’s Kitchen. Alan Perlmutter arranged the financing.
